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Why in the News?
Recently, India has raised objections to the possibility of China and Pakistan involving third countries in the CPEC.Key Points:
About
CPEC
- Launch Year: 2013
- The CPEC is a corridor linking Pakistan’s Gwadar port on the Arabian Sea with Kashgar in northwest China’s Xinjiang Uygur Autonomous Region.
- It highlights energy, transport and industrial cooperation between two countries.
- It is an integral part of China’s ambitious Belt and Road Initiative (BRI), a pet project of President Xi Jinping.
- CPEC aims to create an alternative route to transport oil and gas to China and to fuel the economic growth and development across its remote western regions.
- For China, the CPEC is a beachhead in South Asia to facilitate a broader thrust in the Persian Gulf.
- It also provides a maritime connect to Djibouti and the littoral states.
- CPEC is akin to the Marshall Plan for the rebuilding of post-World War II Europe in its potential impact on the region, and various countries have shown interest in participating in the initiative.
India’s Concerns of CPEC:
- Infringes India’s Sovereignty: The CPEC, is seen as violating India’s sovereignty and territorial integrity as it passes through Pakistan-occupied Kashmir (PoK).
- Chinese String of Pearls: China has been enlarging its presence in the Indian Ocean with the ‘String of Pearls’ ambition.
- CPEC’s can further make things difficult for India with String of Pearls already in place.
- Chinese Control Over Sea Trade: It will give China the power to set the terms and conditions by which the international movement of goods will take place between the Atlantic and the Pacific oceans.
- Dominant China: A China that is more integrated with the rest of the global economy will have a better say in the UN.
- It may prove to be bad for India who aspires to acquire a permanent seat at the UN Security Council.
